Swiss CPI surprises slightly to the upside

Forex News and Events Swiss CPI surprises to the upside (by Arnaud Masset) In Switzerland, CPI contracted 1.4% on a year-over-year basis, as the effect of the peg removal endures. On a month-over-month basis, inflation level rose 0.1%, beating market expectations of a flat reading. This improvement came against the backdrop of a weaker Swiss franc which is making foreign goods more expensive for Swiss people - the price of foreign goods increased by 0.8%m/m. When looking at the core gauge,

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